In today’s recent session, 2,273,390 shares of the ChromaDex Corporation(NASDAQ:CDXC) have been traded, and its beta is 1.76. Most recently the company’s share price was $9.52, and it changed around $1.21 or 0.15% from the last close, which brings the market valuation of the company to $586.98 Million. CDXC at last check was trading at a discount to its 52-week high of $9.99, offering almost -4.94% off that amount. The share price’s 52-week low was $2.5, which indicates that the recent value has risen by an impressive 73.74% since then. We note from ChromaDex Corporation’s average daily trading volume that its 10-day average is 1.05 Million shares, with the 3-month average coming to 428.22 Million.
ChromaDex Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.6. If we narrow it down even further, the data shows that none out of 4 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended CDXC as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight. ChromaDex Corporation is expected to report earnings per share of -$0.09 for the current quarter.
ChromaDex Corporation (NASDAQ:CDXC): Trading Information Today
Instantly CDXC has been showing a green trend so far today with a performance of 14.56% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $9.99- on Monday, Feb 22 increased the stock’s daily price by 4%. The company’s shares are currently up 1% year-to-date, but still up 0.7726 over the last five days. On the other hand, ChromaDex Corporation (NASDAQ:CDXC) is 0.96% up in the 30-day period. We can see from the shorts that 2.41 Million shares have been sold at a short interest cover period of 0.01 day(s).
The consensus price target as assigned by Wall Street analysts is $8.13, which translates to bears needing to reduce their stock price by -14.6% from its current value. Analyst projections state that CDXC is forecast to be at a low of $7 and a high of $9. In order for the stock price to hit the forecast high, the stock would need to surge -5.46% from its current level, while the stock would need to crash -26.47% from its current level to reach the projected low.
ChromaDex Corporation (CDXC) projections and forecasts
ChromaDex Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +56.79 percent over the past six months and at a 38.46% annual growth rate that is well above the industry average of 14%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +40% in revenue this quarter, and will report an increase of 50% in the next quarter. The year-over-year growth rate is expected to be 27.8%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $15.36 Million in revenue for the current quarter. 2 analysts expect ChromaDex Corporation to make $18.12 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $13.09 Million and $14.35 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 17.4%. Forecasts for the next quarter put sales growth at 26.3%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -30%. ChromaDex Corporation earnings are expected to increase by 7% in 2021, but the outlook is negative 0% per year for the next five years.
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ChromaDex Corporation (NASDAQ:CDXC)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 37.96% of ChromaDex Corporation shares, and 25.12% of them are in the hands of institutional investors. The stock currently has a share float of 40.49%. ChromaDex Corporation stock is held by 107 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 4.69% of the shares, which is about 2.9 Million shares worth $13.9 Million.
Vanguard Group, Inc. (The), with 3.98% or 2.46 Million shares worth $9.87 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.